Bitcoin on the Rise: Options, Trump And Bank Bets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2024
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Source: TipRanks
- Bitcoin Trading Sentiment: Recent activities on major DEX options platforms like Deribit show a bullish tilt in Bitcoin trading sentiment, with a significant preference for call options over put options.
- Political Influence on Bitcoin: A report suggests that a potential second term for Donald Trump could lead to more gains for Bitcoin due to a positive regulatory environment and the administration's favorable stance on cryptocurrency.
- Institutional Investment: Susquehanna purchased $1.3 billion in spot BTC ETFs, making them one of the biggest institutional holders in this market.
- Technical Indicators: According to TipRanks, Bitcoin is currently rated as a Buy based on technical indicators.
- Tracking Coin Prices: Readers are encouraged to track coin prices for better understanding of the market trends.
Analyst Views on BRRR
Wall Street analysts forecast BRRR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRRR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.430
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Current: 25.430
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
